MIRA INFORM REPORT

Report Date :

28.09.2012

IDENTIFICATION DETAILS

Name :	CHEMCO PLASTIC INDUSTRIES PRIVATE LIMITED (w.e.f. 07.05.1997)
Formerly Known As :	NET-GUARD POLYNET PRIVATE LIMITED
Registered Office :	78 Virwani Industrial Estate, Off Western Express Highway, Goregaon (East), Mumbai- 400063, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	06.02.1996
Com. Reg. No.:	11-096963
Capital Investment / Paid-up Capital :	Rs.28.543 millions
CIN No.: [Company Identification No.]	U25209MH1996PTC096963
TAN No.: [Tax Deduction & Collection Account No.]	MUMC06774F
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Pet Bottles
No. of Employees :	300 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 640000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. It has recorded better growth in its sales and profits during 2011. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitment. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	BBB- (Cash Credit)
Rating Explanation	Moderate degree of safety and moderate credit risk
Date	16.01.2012

Rating Agency Name	CRISIL
Rating	A3 (Letter of Credit)
Rating Explanation	Moderate degree of safety and higher credit risk
Date	16.01.2012

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Pawan Jain
Designation :	Accounts Manager
Contact No.:	Not Divulged
Date :	27.09.2012

LOCATIONS

Registered Office :	78 Virwani Industrial Estate, Off Western Express Highway, Goregaon (East), Mumbai- 400063, Maharashtra, India
Tel. No.:	91-22-29271773/ 74/ 75/ 76/ 77
Fax No.:	91-22-29271777/ 78
E-Mail :	pawan@chemcoaccounts.com chemco@bom.vsnl.net.in info@chemcogroup.com management@chemcogroup.com
Website :	www.chemcoaccounts.com
Location :	Owned
Factory:	Located at: · Baroda · Daman · Silvasa

DIRECTORS

As on 29.09.2011

Name :	Mr. Gaurav Ramawatar Saraogi
Designation :	Director
Address :	121 K, Maker Tower, Cuffe Parade, Mumbai-400005, Maharashtra, India
Date of Appointment :	20.04.2006
DIN No.:	00231586
Name :	Mr. Ramawatar Ishwarprasad Saraogi
Designation :	Director
Address :	121 K, Maker Tower, Cuffe Parade, Mumbai-400005, Maharashtra, India
Date of Appointment :	06.02.1996
DIN No.:	00231607
Name :	Mr. Bimla Ramawatar Saraogi
Designation :	Director
Address :	121 K, Maker Tower, Cuffe Parade, Mumbai-400005, Maharashtra, India
Date of Appointment :	06.02.1996
DIN No.:	00364998
Name :	Mr. Vaibhav Ramawatar Saraogi
Designation :	Director
Address :	121, Maker Towers, Cuffe Parade, Mumbai-400005, Maharashtra, India
Date of Birth/Age :	05.03.1987
Date of Appointment :	01.12.2008
DIN No.:	02553652

KEY EXECUTIVES

Name :	Mr. Pawan Jain
Designation :	Accounts Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2011

Names of Shareholders	No. of Shares
Ramawatar Ishwarprasad Saraogi	14050
Bimla Ramawatar Saraogi	35418
Ramawatar And Sons (HUF)	46366
Gaurav Containers Limited, India	33168
Bimla Ramawatar Saraogi J/W Ramawatar And Sons (HUF)	44700
Gaurav Ramawatar Saraogi	8333
Vaibhav Ramawatar Saraogi	50000
Palto Plaskon Private Limited, India	6400
Total	238435

Names of Shareholders	No. of Shares
Matani Nitin	47000
Total	47000

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2011

Category	Percentage
Bodies corporate	16.59
Directors or relatives of Directors	63.96
Other top fifty shareholders	19.45
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Pet Bottles
Exports :
Products :	Pet Bottles
Countries :	· Africa · Gulf Countries
Imports :
Products :	Pet Bottles
Countries :	· Thailand · Korea
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

Wholesalers and Retailers

No. of Employees :

300 (Approximately)

Bankers :

State Bank of India, Industrial Finance Branch, S.V.Road, Malad (West), Mumbai-400064, Maharashtra, India

Facilities :

Secured Loan	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Car Loan – HDFC Bank (Mercdes Benz)	4.512	0.000
Car Loan – Kotak Mahindra (Innova)	0.425	0.722
Car Loan – State Bank of India (Xylo)	0.646	0.901
State Bank of India (Bahrain) (E.C.B Baroda Unit)	165.250	167.063
State Bank of India (Malad) (E.C.B. Foreign L/c)	41.748	0.000
State Bank of India(Malad) Cash Credit	104.066	79.960
State Bank of India(Malad) (Term Loan 3)	0.820	1.670
State Bank of India(Malad) (Term Loan 4)	7.601	11.721
State Bank of India(Malad) (Term Loan 5)	0.000	1.821
State Bank of India(Malad) (Term Loan Baroda Unit)	61.861	44.757
State Bank of India(Malad) (Term Loan Chen Pet)	0.000	5.588
State Bank of India(Malad) (Term Loan FCNR)	0.000	3.150
State Bank of India(Malad) (Term Loan)	0.000	0.520
Total	386.929	317.873
Unsecured Loan	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Unsecured Loans – From Others	35.895	41.066
Unsecured Loans – From Directors / Managers	0.353	11.463
Total	36.248	52.529

Banking Relations :	--
Auditors :
Name :	Vinod Mehta and Company Chartered Accountants
Address :	114, Jolly Bhavan-1, 10, Marine Lines, Mumbai-400002, Maharashtra, India
Tel. No.:	91-22-66333501/ 02/ 03/ 04
Fax No.:	91-22-66333506
E-Mail :	cavsmehta@gmail.com
PAN No.:	AAGOM0715J
Related Parties :	· Advance Baby Care · Chemco Hygiene Inc. · Chemco Polynet Corporation · Chemco Polyplast · Chemco Plastic Corporation · Gaurav Container Limited · Net Guard Industries · Plato Plaskon Private Lyd · Small Wonder Industries

CAPITAL STRUCTURE

As on 31.3.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
410000	Equity Shares	Rs.100/- each	Rs.41.000 Millions
300000	Preference Shares	Rs.100/- each	Rs.30.000 Millions
	Total		Rs.71.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
238435	Equity Shares	Rs.100/- each	Rs.23.843 Millions
47000	Preference Shares	Rs.100/- each	Rs.4.700 Millions
	Total		Rs.28.543 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		28.543	48.282	35.198
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		131.552	99.809	52.913
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		160.095	148.091	88.111
LOAN FUNDS
1] Secured Loans		386.929	317.873	90.548
2] Unsecured Loans		36.248	52.529	46.300
TOTAL BORROWING		423.177	370.402	136.848
DEFERRED TAX LIABILITIES		26.528	20.289	9.182
TOTAL		609.800	538.782	234.141
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		445.680	408.805	140.923
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		12.500	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	123.508	75.321	45.357
	Sundry Debtors	78.742	59.826	58.444
	Cash & Bank Balances	27.278	28.249	22.895
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	55.597	31.478	9.071
Total Current Assets		285.125	194.874	135.767
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	96.500	38.782	23.477
	Other Current Liabilities	15.251	7.083	9.054
	Provisions	22.104	19.501	10.046
Total Current Liabilities		133.855	65.366	42.577
Net Current Assets		151.270	129.508	93.190
MISCELLANEOUS EXPENSES		0.350	0.469	0.028
TOTAL		609.800	538.782	234.141

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	542.268	452.051	420.732
		Other Income	5.417	1.634	3.036
		TOTAL (A)	547.685	453.685	423.768
Less	EXPENSES
		Cost of Material	383.454	328.719	364.541
		Administrative and Other Expenses	62.196	40.149
		Loss on Sale of Assets	0.000	0.378
		Preliminary Expenses written off	0.119	0.119
		TOTAL (B)	445.769	369.365	364.541
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		101.916	84.320	59.227
Less	FINANCIAL EXPENSES (D)		28.170	11.284	12.227
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		73.746	73.036	47.000
Less/ Add	DEPRECIATION/ AMORTISATION (F)		56.430	22.495	21.018
	PROFIT BEFORE TAX (E-F) (G)		17.316	50.541	25.982
Less	TAX (I)		9.764	20.556	9.984
	PROFIT AFTER TAX (G-I) (J)		7.552	29.985	15.998
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		81.033	51.054	35.076
Less	APPROPRIATIONS
		Provision for Dividend Distribution Tax	0.015	0.001	0.000
		Proposed Dividend	0.094	0.005	0.020
		Capital Redemption Reserve	24.598	0.000	0.000
	BALANCE CARRIED TO THE B/S		63.878	81.033	51.054
	EARNINGS IN FOREIGN CURRENCY		53.421	65.998	61.504
	Earnings Per Share (Rs.)		38.75	N.A	N.A

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.38	6.61	3.78
Net Profit Margin (PBT/Sales)	(%)	3.19	11.18	6.18
Return on Total Assets (PBT/Total Assets}	(%)	2.37	8.37	9.39
Return on Investment (ROI) (PBT/Networth)		0.11	0.34	0.29
Debt Equity Ratio (Total Liability/Networth)		3.48	2.94	2.04
Current Ratio (Current Asset/Current Liability)		2.13	2.98	3.19

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITORS DETAILS:

(Rs. in Millions)

PARTICULARS	31.03.2011	31.03.2010	31.03.2009
Sundry Creditors	96.500	38.782	23.477

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	-------
22]	Litigations that the firm / promoter involved in	-------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	-------
26]	Buyer visit details	-------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U25209MH1996PTC096963
Name of the company	CHEMCO PLASTIC INDUSTRIES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	78 Virwani Industrial Estate, Off Western Express Highway, Goregaon (East), Mumbai- 400063, Maharashtra, India Email: chemco@bom.vsnl.net.in
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	90158876
Type of charge	Immovable property
Particular of charge holder	State Bank of India, Industrial Finance Branch, S.V.Road, Malad (West), Mumbai-400064, Maharashtra, India Email: sbi.04760@sbi.co.in
Nature of instrument creating charge	No instrument was executed. Charge created by equitable mortgage by way of deposit of title deeds by constructive delivery.
Date of instrument Creating the charge	07.04.2012
Amount secured by the charge	Rs.475.100 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Extent and Operation of the charge Security to cover the principal sum together with interest, discount, commission, costs, charges, expenses etc.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	All that piece of land bearing New Survey No.227/1/1 within the village limits of Saily, Silvassa in Union Territory of Dadra and Nagar Haveli and the construction thereon containing by admeasurement 25000 sq. meters or thereabouts together with buildings / structures erected / to be erected thereon and or plant, machinery and other assets affixed / to be affixed thereto. All the piece of land in the Salvi Industrial Area of GIDC consisting of Revenue Survey Nos. 188/P, 189/P, Plot Nos. 32 and 33 within the village limits of Alindra, Taluka Salvi, District Baroda containing by admeasurements 21,455.25 sq. mtrs. or thereabout. Plot No. 4 and 5 (Area approx. 2000 sq. mtrs.) with factory shed thereon (of ground + 1 upper floor), in Somnath Co-op Industrial Society Limited at Dabhel Industrial Zone, Daman 396210 situated at all that piece and parcel of land bearing Survey No. 653/1 (adm. Approx. 4000 sq. mtrs.) village Dabhel, Taluka and Dist. Daman. Flat No.101 (Area approx. 1039 sq. ft. Super B/U) 1st Floor, Building known as Satkar in AI-Gani Nagar, Near Kalariya Police Station, Somnath, Daman 396210 situated at all that piece and parcel of land bearing Survey No.63/1 and 64/5, Village Dabhel, Taluka and Dist. Daman. Flat No.104 (Area approx. 643 sq. ft. Super B/U) 1st Floor, Bldg. known as Satkar in AI-Gani Nagar, Near Kalariya Police Station, Somnath, Daman 396210 situated at all that piece and parcel of land bearing Survey No.63/1 and 64/5, Village Dabhel, Taluka and Dist. Daman. Flat No.105 (having Panchayat House No.7/A-8-1) (Area approx. 643 sq. ft. Super B/U) 1st Floor, Bldg. known as Satkar in AI-Gani Nagar, Near Kalariya Police Station, Somnath, Daman 396210 situated at all that piece and parcel of land bearing Survey No.63/1 and 64/5, Village Dabhel, Taluka and Dist. Daman.
Whether any of the property or interest therein under reference is not registered in the name of the company	Yes
In whose name it is registered	Properties at col. 15(v) to (x) are registered in the name of Gaurav Containers Limited
Date of instrument modifying the charge	07.04.2012
Particulars of the present modification	Charge over immovable properties owned by the company and by Gaurav Containers Limited is now made available to secure the reduced credit facilities aggregating Rs.475.100 Millions.

FIXED ASSETS:

· Electrical Installation and Fittings

· Factory Building

· Equipment

· Furniture and Fixture

· Land

· Office Building

· Office Equipment

· Computer

· Plant and Machinery

· Vehicles

· Patent and Trademark

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.26
UK Pound	1	Rs.86.23
Euro	1	Rs.68.64

INFORMATION DETAILS

Information Gathered by :	PJA
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		46

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
NB		NEW BUSINESS

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.